Champlin, MN (55316) has become an attractive place to live due to its affordability. The average two bedroom rent comes in at $1,560, which is lower than the national average of $1,430. Additionally, prices for groceries are close to the national average with a grocery cost index of 101 in Champlin compared to 100 nationally.
The local economy is driven by top employers such as Target Logistics Management and Bremer Bank Corporation. Other local businesses include Envision Sports & Entertainment and North Memorial Health Care. Job opportunities abound within the community with positions ranging from medical professionals and banking executives to manufacturing workers and retail associates. Whether you’re looking for a career or just need some extra income, there’s something for everyone in Champlin, MN.
Champlin (zip 55316) has an unemployment rate of 4.2%. The US average is 6.0%.
Champlin (zip 55316) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Champlin (zip 55316)
- The Sales Tax Rate for Champlin (zip 55316) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Champlin (zip 55316) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Champlin (zip 55316)
- The average income of a Champlin (zip 55316) resident is $35,862 a year. The US average is $28,555 a year.
- The Median household income of a Champlin (zip 55316) resident is $104,200 a year. The US average is $69,021 a year.